TIC Data
Friday, October 16th, 2009http://www.treas.gov/press/releases/tg321.htm
Archive for October, 2009
Recently Priced Corporate Deals
Friday, October 16th, 2009priced rbs 6.40 19 traded +282 +300 ctfitz 7.875 19 455/445 +455 abibb 3.00 12 135/130 +160 4.125 15 168/163 +185 5.375 20 187/182 +210 6.375 40 183/178 +220 de 4.375 19 104/99 ...
Brown Brothers on Sterlng and Yen
Friday, October 16th, 2009The sterling has had a stellar week. The pound is by far the strongest of the major currencies against both the dollar and the euro this week although it is still one of the worst performers on the quarter. Conflicting comments about quantitative easing with the most recent comments suggesting ...
Credit Suisse on Commodities
Friday, October 16th, 2009What is gold telling us. Garthwaite remains overweight gold and makes the argument to remain this way. In summary his arguments are; 1. The real Fed funds rate looks set to stay below 2% 2. BoJ and ECB could try to cap currency strength 3. Gold is effectively an insurance policy 4. ...
Bond Market Opening October 16 2009
Friday, October 16th, 2009Prices of Treasury coupon securities are virtually unchanged in overnight trading. The dollar has halted its descent into economic oblivion (for now) and equity futures have reversed early gains on a disappointing earnings report from General Electric. The yield on the 2 year note has increased a basis point to 0.95 ...
Nuclear Option on Health Care
Thursday, October 15th, 2009I have not seen this getting much attention elsewhere but the Ways and Means Committee has made it easier for the Democrats to steamroll health care reform through the Congress without the opportunity of a filibuster in the Senate. Politics is about power and the application of that power. If the ...
Preview of October 16 2009 Economic Data Via UBS
Thursday, October 15th, 2009Preview: IP +0.4% est, U of M confidence -1pt to 72.5 (1) Despite a drag from utilities output, industrial production probably rose in September (UBSe 0.4%, cons 0.2%, after 0.8%). Much of the strength reflected motor vehicle production, which has been ramping up since June. Ex vehicles, ...
Swaps
Thursday, October 15th, 2009Swap spreads finished the day wider across the board. Two year spread finished 1 1/4 wider at 38. Five year spreads closed 1 1/4 wider at 37 3/4. Ten year spreads closed one basis point wider at 17 1/2. Thirty year spreads are edging back to normality and were 1 1/4 ...
Administrative Note
Thursday, October 15th, 2009Life has intervened (in the form of the periodontist) and there will be no closing posts today. See you later. JJJ